FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 17 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0425 up 0.0037 Chicago corn closed moderately lower. SEP13 HI 5.49 DEC13 HI 5.15 LOW 5.37 3/4 LOW 5.01 1/2 CLOSE5.38 1/2 Down 6 3/4 CLOSE 5.02 Down 8 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +SEP13+DEC13+DEC13 CK Low 0.80 6.19 243.49 -0.70 4.32 170.07 CK High 0.85 6.24 245.46 -0.65 4.37 172.04 CK Avg 0.83 0.59 6.21 244.48 -0.69 -0.91 4.33 170.40 Essex Cty 0.90 6.29 247.43 -0.75 4.27 168.10 Mdsx Low 0.75 6.14 241.52 -0.70 4.32 170.07 Mdsx High 0.80 6.19 243.49 -0.70 4.32 170.07 Mdsx Avg 0.78 0.54 6.16 242.51 -0.70 -0.92 4.32 170.07 Hensall 0.75 6.14 241.52 -0.70 4.32 170.07 Bruce 0.75 6.14 241.52 -0.70 4.32 170.07 Putnam N/A -0.70 4.32 170.07 Burford 0.75 6.14 241.52 -0.70 4.32 170.07 Port Perry 0.65 6.04 237.59 -0.75 4.27 168.10 Norfolk 0.80 6.19 243.49 -0.70 4.32 170.07 Palmerston 0.75 6.14 241.52 -0.70 4.32 170.07 Varna 0.75 6.14 241.52 -0.70 4.32 170.07 Trenton 0.70 6.09 239.56 -0.70 4.32 170.07 Winchester 0.80 6.19 243.49 -0.45 4.57 179.91 North Gower 0.50 5.89 231.68 -0.65 4.37 172.04 Huron FOB 0.90 6.29 247.43 -0.70 4.32 170.07 Kent FOB 0.85 6.24 245.46 -0.75 4.27 168.10 Lamb FOB 0.85 6.24 245.46 -0.75 4.27 168.10 Mdsx FOB 0.85 0.95 1.30N/A 6.24 245.46 -0.70 4.32 170.07 FOB SW Que 0.40 5.79 227.75 -0.45 4.57 179.91 Track 1.08 6.46 254.32N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth 0.60 0.65 0.75N/A 5.99 235.62 -0.55 4.47 175.98 Sarn-Eth 0.80 0.95 1.25N/A 6.19 243.49N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A 1.25 0.95 -0.45 4.57 179.91 Pt.Colb-Ing N/A N/A 1.30 1.00 -0.40 4.62 181.88 Cardnl-Ing N/A N/A N/A 1.00 -0.40 4.62 181.88 W O Feed 1.16 1.12 6.55 257.67 US Rep 1.75 1.71 7.14 280.89 Toledo El. 1.38 6.76 266.22 -0.31 4.71 185.31 TRANSFER Sarnia N/A N/A Pt. Stanley 0.80 6.19 243.49 -0.75 4.27168 1/9 Hamilton N/A -0.51 4.51177 5/9 MID SD CRN -0.67 1/2 4.34 1/2 HI SD CRN -0.65 4.371 *Wet Bid Bank of Canada Noon exchange rate was 1.0425 up 0.0037 Chicago soybeans closed narrowly mixed. AUG13 HI 14.82 NOV13 HI 12.93 LOW 14.64 1/4 LOW 12.75 1/4 CLOSE14.77 1/2 Up 2 1/4 CLOSE 12.83 1/2 Down 2 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV13 CK Low 1.35 16.13 592.49-0.40 12.44 456.91 CK High 1.45 16.23 596.17-0.30 12.54 460.58 CK Average 1.37 0.73 16.15 593.35-0.35-0.9112.48 458.68 Essex Cty 1.66 16.44 603.88-0.01 12.83 471.24 Mdsx Low 1.35 16.13 592.49-0.37 12.47 458.01 Mdsx High 1.37 16.15 593.23-0.35 12.49 458.75 Mdsx Average 1.36 0.72 16.14 592.86-0.36-0.9212.48 458.38 Hensall 1.40 16.18 594.33-0.33 12.51 459.66 Bruce 1.35 16.13 592.49-0.35 12.49 458.75 Putnam N/A -0.15 12.69 466.09 Burford 1.43 16.21 595.43-0.31 12.53 460.21 Port Perry 1.37 16.15 593.23-0.37 12.47 458.01 Norfolk 1.41 16.19 594.70-0.34 12.50 459.11 Palmerston 1.45 16.23 596.17-0.30 12.54 460.58 Varna 1.45 16.23 596.17-0.30 12.54 460.58 Trenton 1.35 16.13 592.49-0.20 12.64 464.26 Winchester 1.42 16.20 595.06-0.10 12.74 467.93 North Gower 1.31 16.09 591.02-0.13 12.71 466.83 Huron FOB 1.57 16.35 600.58-0.30 12.54 460.58 Kent FOB 1.41 16.19 594.70-0.24 12.60 462.79 Lambton FOB 1.41 16.19 594.70-0.24 12.60 462.79 Middlesex FOB1.46 1.62 N/A N/A 16.24 596.53-0.10 12.74 467.93 PROCESSORS Hamilton 1.95 2.05 N/A N/A 16.73 614.540.20 13.04 478.95 Windsor 1.89 1.90 N/A N/A 16.67 612.330.22 13.06 479.69 Winchester N/A N/A TRANSFER Hamilton 1.55 N/A N/A N/A 16.33 599.840.24 13.08 480.42 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A 0.72 13.56 498.06 Toledo El. 0.80 15.58 572.41-0.40 12.44 457.04 Bank of Canada Noon exchange rate was 1.0425 up 0.0037 Chicago wheat closed slightly lower. SEP13 HI 6.74 JUL14 HI 7.03 1/2 LOW 6.64 LOW 6.95 CLOSE 6.65 Down 4 1/2 CLOSE 6.95 1/4 Down 5 1/4 Minni wheat closed slightly lower. SEP13 HI 7.63 JUL14 HI 7.92 1/4 LOW 7.55 LOW 7.92 1/4 CLOSE 7.55 1/4 Down 3 3/4 CLOSE 7.92 1/4 Down 3 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.23 -0.34 -0.70 -0.56 CAD $/bu 6.42 6.31 5.95 6.99 CAD $/tonne 235.78 231.95 218.53 256.96 Direct MarkHarvest 2013 Harvest 2014 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A -0.85 -1.05 N/A N/A N/A -1.10 N/A London -0.46 -0.88 -1.07 N/A N/A N/A N/A N/A Hensall -0.60 N/A -1.05 N/A -0.65 N/A -1.10 N/A Trenton N/A N/A -1.10 N/A N/A N/A -1.20 N/A Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A Essex N/A N/A -0.95 N/A N/A N/A -1.04 N/A Norwich -0.60 N/A -1.05 N/A -0.65 N/A -1.10 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.55 N/A -1.05 N/A -0.65 N/A -1.10 N/A Chatham N/A -0.93 -1.02 N/A N/A N/A -1.17 N/A Brigden N/A -0.93 -1.02 N/A N/A N/A -1.17 N/A Palmerston N/A -0.72 -1.10 -0.68 N/A -0.80 -1.06 N/A Varna -0.70 -1.00 -1.10 N/A -0.60 -0.85 -1.05 N/A Mitchell -0.60 -0.95 -1.05 N/A -0.65 -0.90 -1.10 N/A Thornton N/A N/A N/A -0.84 N/A N/A N/A -0.91 North Gower N/A N/A N/A -0.71 N/A N/A N/A N/A TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.66 N/A N/A N/A N/A N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 0.65N/A 0.39N/A N/A N/A 0.41N/A Toledo El. 6.52US 6.80CA 6.72US 7.01CA GFO Contract Wheat Prices - DEL Terminal Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.43 -0.53 -0.85 CAD $/bu 6.52 6.42 6.11 CAD $/tonne 239.71 235.88 224.38 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 315.00 - 345.00 Bayport Oats 320.00 Bayport Barley 295.00 FOB Hm Soymeal 621.82 - 635.05 DDG's FOB Srn & Aylm 285.00 - 290.00